Indemnification by Obligors. The Obligors shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.16) paid by the Administrative Agent, such Lender or Issuing Bank, as the case may be (and any penalties, interest and reasonable expenses arising therefrom or with respect thereto during the period prior to the Obligors making the payment demanded under this paragraph (c)), whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Obligor Representative by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error.
Appears in 2 contracts
Samples: Amendment Agreement (Sprint Nextel Corp), Credit Agreement (Sprint Nextel Corp)
Indemnification by Obligors. The Obligors shall indemnify the Administrative Agent, Agent and each Lender and each Issuing Bank, within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.16) paid by the Administrative Agent, Agent or such Lender or Issuing BankLender, as the case may be (and any penalties, interest and reasonable expenses, other than penalties, interest and expenses to the extent solely attributable to the gross negligence or willful misconduct of the Administrative Agent or such Lender, respectively, arising therefrom or with respect thereto during the period prior to the Obligors making the payment demanded under this paragraph (c)), whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Obligor Representative by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing BankLender, shall be conclusive absent manifest error.
Appears in 1 contract
Samples: Credit Agreement (SPRINT Corp)
Indemnification by Obligors. The Obligors Each Obligor shall indemnify the Administrative Agent, each Lender and each Issuing BankLender for, and within 30 days 20 Business Days after written demand therefor, for pay the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.16Section) paid by the Administrative Agent, such Lender or such Issuing BankLender, as the case may be (and any penaltiesbe, interest and reasonable expenses arising therefrom or with respect thereto during the period prior to the Obligors making the any payment demanded by or on account of any obligation of such Obligor hereunder or under this paragraph any other Loan Document (c)), including any interest or penalties with respect thereto) whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Obligor Representative by a Lender or an such Issuing BankLender, or by the Administrative Agent on its own behalf or on behalf of a Lender or an such Issuing BankLender, shall be conclusive absent manifest error.
Appears in 1 contract
Samples: Credit Agreement (Foster Wheeler Ag)